Cheque Deposited? Faster 3-Hour Clearance Still Missing, RBI Decision May Delay Fund Access; Here’s Why

The new system was part of the RBI’s broader effort to modernise cheque-based transactions and reduce settlement delays for ...

RBI Gives Banks More Time To Roll Out Quicker Cheque Clearance In Phase 2

Phase 1 of the system, which was implemented earlier this year, will continue to operate as usual. The RBI further stated ...

RBI delays January 3 rollout for 3-hour cheque clearance: What it means

The Reserve Bank of India (RBI) has postponed the January 3, 2026 deadline for implementing faster cheque clearance under its ...

Why a simple cheque-bounce case could mean months of court visits in Delhi

More than a third of cases pending in Delhi’s courts relate to dishonoured or ‘bounced’ cheques. They clog the system with ...
Zee Business

RBI to Introduce same day cheque credit system from October 4; within 3 hours from January 3, 2026

In Phase 1, starting from October 4, there will be a single cheque presentation session between 10 am to 4 pm during which banks will scan and send cheques to the clearing house continuously. The ...
Zawya

Non-CTS cheques will face clearance delay in India

Indian customers using cheques that are not compliant with Cheque Truncation System (CTS), an online image-based cheque clearing facility, will face delay in clearance from now on, an industry source ...
moneycontrol.com

Banks will clear cheques within a few hours staring October 4, says RBI

To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch ...